Nations Direct MortgageWholesale Lending

Training Guide“How to Use Loan Manager”

Revised on: December 20, 2013

www.MYNDM.comNations Direct Mortgage Main Landing Page

Wholesale Landing Page

Log-In

Loan Manager

NavigateLinks Help Guide View Pipeline

New Loan Products & Pricing Manage Account

Manage AccountChange Personal Information by clicking:

“Edit My Contact Details”

Manage AccountAdd Users – click on icon with “+” sign

Fill in all fields with an “*”Scroll down and select “Role” – Mgr/Admin, Loan Processor or Loan Officer

Email sent to “new user”

View PipelineClick “View/Edit” to enter loan

Don’t check mark the box on the leftLink to “new loan” – click “+”

Don’t Check Mark

View PipelineConditions & Documents

Upload conditions in document sectionClick “Submit for Review” otherwise conditions won’t be delivered

Product & PricingManual Input

Price LoansLock Loans

Must input FICO twice/Co-borrower if applicableAppraised value is not a PurchaseMust input target rateLoan Originator changed to “Lender”

Product & PricingClick on “+” to select product

Click “view/select” on applicable rate

Product & PricingClick “Continue” or “Continue and Request Lock”

Click “save”Select “Loan Officer & Loan Processor”

Click “next”

Product & PricingLoan is now saved and “loan number” established

Option to “lock request”, “cancel” or “Loan Details”

NOTE: Information put in manually will NOT change when the DU file is uploaded. You must go into the loan file and manually update anything that is different. “ie” – borrower name, loan amount, value, etc.

Loan DetailsImport Additional Data – To upload DU or DO Case file ID

Submit Loan – To submit the loan for underwritingLock Request – To lock the loan

**Do NOT use “submit & lock” feature

NOTE: The DU file, DO case ID or loan manually input must occur before you can proceed with “Submit Loan”

Click “Desktop Originator” & input Case file IDClick “DU 3.2 File” & Browse for file

Click “Create Manual” to fill out 1003Select “Loan Officer & Processor”

Click “Next”

New Loan or Import Additional Data

NOTE: When you come to this landing page by clicking on “import additional data”, the “create manually” will not be an option. Manual input occurs in the “loan details” section because the loan was started through “products & pricing”.

If DU 3.2 was selectedBrowse for DU 3.2 File

Click Import

New Loan

Landing Page after DO Case file ID or DU 3.2 File has been importedReview Loan Information

“Save”Submit or Lock Request

Loan Details

NOTE: once you save the file a “green” statement will appears that states “current loan has been saved”

Click “Conditions & DocumentsDon’t click “Submit Loan” at this time

**The Submission Form must be uploaded with documents**

Submit Loan

NOTE: Submission Form must be uploaded in the Conditions & Documents Section before submitting the loan

Click “Add File”**PDF Documents Only – 20 MB Max Size - At least one PDF document must be added and upload in the “Submission Pkg” section below

Click “Browse” - Click “Upload File”Click “Submit Loan”

Submit – Conditions & Documents

NOTE: Uploading documents does NOT submit the loan. You must click the “Submit loan” button from the left hand menu!!!

Click “Submit Loan”Upload Complete

NOTE: Uploading documents does NOT submit the loan. You must click the “Submit loan” button from the left hand menu!!!

Click Product & PricingDon’t input information in fields on this screen

Lock Request

Input FICO TwiceInput Target Rate & Lock Period

Impound Waiver – Only when allowedClick on “Lender”

Click “Next”

Lock Request

NOTE: If there is a Co-borrower on the loan, make sure to input the co-borrower FICO score too.

Choose Programclick “view/select” on desired rate

Next Click “continue”Next Click “Lock Request”

Lock Search Results

Lock Request Placed

Lock Information

• Initial Locks submitted through Loan Manger or lock request form found in the resource section of the wholesale website

• Lock extensions by email – locks@myndm.com• Locks expiring on a Weekend or Bank Holiday will

expire on the next business day• 3:30pm PST is cut-off time (locks, extensions &

funding)• 1 lock extension is allowed per loan

Loan Manager Information• When importing a new loan:

Loan Officer means Nations Direct Account ExecutiveLoan Processor means Nations Direct Account Manager

• If there is a 2nd borrower on the loan, their information can be input by clicking “Borrower Pair”• The Loan Submission form is required and must be uploaded in the “Conditions & Documents” section

when submitting the loan• Loan Status:

New Loan – create loan & loan # establishedStarted – Loan has been submitted to underwriting

• Save – click “save” anytime prompted• DU File will “not” override any information that was input manually. To change incorrect information

that was input manually you must go back into the 1003 and change it.• When a loan was originally entered through “Product & Pricing” or “Register Loan” the “Import

Additional Data” is used to upload a FNMA DU 3.2 file or CO Case File ID#.• Auto Underwriting can be used to check and see if the Loan fits our guidelines• Loans can only be officially submitted once the 1003 is completed (manually, DU or DO) and

documents have been uploaded with at least once document in the “submission Package” section• Conditions are uploaded under “documents” through the “document & conditions” section of “loan

detail”. **Conditions are NOT submitted to Nations Direct once they are “uploaded”. To submit the conditions, you must click on “Submit for Review”.

• FNMA Sponsorship Steps -

Loan Manager InformationOPTIONS IN LOAN MANAGER

1. Manual submission using the “loan submission form” – found in the resource section and also by clicking on “submit a loan” on the wholesale landing page

2. Manual submission through Loan Manager using the 1003 & “loan submission form”3. Electronic submission using Loan Manger with a DU or DO file & “loan submission form”4. Manual “products & pricing” using Loan Manager to obtain pricing to lock

Nations Direct MortgageTHANK YOU

Thank you for being a Partner with our Wholesale Lending Division

If you have any questions please contract us at:(866) 762-3940

orbrokerdirect@myndm.com